inelastic demand
Demand whose percentage change is less than a percentage change in price. For example, if the price of a commodity rises twenty-five percent and demand decreases by only two percent, demand is said to be inelastic. (See elasticity.)
Words nearby inelastic demand
inefficiency,
inefficient,
inegalitarian,
inelastic,
inelastic collision,
inelastic demand,
inelastic scattering,
inelastic supply,
inelegance,
inelegancy,
inelegant